Rare Lake Oswego Investment Opportunity, Massive 150x130 Lot.Opportunities like this in the coveted Lake Forest neighborhood are few and far between! Situated on an expansive, beautifully treed 150x130 lot zoned R8.5, this true fixer-upper is a blank canvas boasting incredible infrastructure. The sprawling footprint features an attached salon space on one wing and a primary suite on the opposing side. Upstairs, an open room and bath are prime for a luxury owner's suite conversion. Out back, find a detached garage and an enclosed hot tub room awaiting your vision. Mechanicals & Infrastructure: Equipped for comfort and flexibility with a robust main HVAC system featuring a Heat Pump, Forced Air Gas air handler, and Central A/C. The property includes 3 gas water heaters and 2 separate gas meters (the rear meter conveniently serves the back bedroom and the spa/hot tub heating)—offering unique potential for dual living or a home business setup. Located in a gorgeous neighborhood of meandering streets zoned for premier Lake Oswego schools. Estate sale sold AS-IS. Seller states 4BD/4BA; tax records show 2BA. Seller believes the additional bathrooms were permitted, but as this is an estate, the state of permitting is unknown. Purchaser must confirm all square footage, permits, and uses to their own satisfaction. Great day to show this home!
Sold
$825,000
5335 SW Madrona St, Lake Oswego, OR 97035
4beds
2,299sqft
Residential, Single Family Residence
Built in 1936
0.4 Acres Lot
$824,900 Zestimate®
$359/sqft
$4,015 Estimated rent
Home value
$824,900
$784,000 - $866,000
$4,015/mo
Zestimate® history
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List your homeWhat's special
Sprawling footprintEnclosed hot tub roomAttached salon spacePrimary suiteDetached garage
Zillow last checked:
Listing updated:
Listed by:
Kathryn King emaildocs@kjkproperties.com,
KJK Properties PC
Bought with:
Brian Butler PC, 901000010
Windermere Realty Trust
Source: RMLS (OR),MLS#: 209732349
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 3
Primary bedroom
- Features: Closet, Suite, Wallto Wall Carpet
- Level: Main
Bedroom 2
- Features: Wallto Wall Carpet
- Level: Main
Bedroom 3
- Features: Wallto Wall Carpet
- Level: Main
Bedroom 4
- Features: Wallto Wall Carpet
- Level: Upper
Dining room
- Features: Tile Floor
- Level: Main
Kitchen
- Features: Skylight, Tile Floor
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Closet, Suite
- Flooring: Tile, Wall to Wall Carpet
- Windows: Wood Frames, Skylight(s)
- Basement: Crawl Space
Interior area
- Total structure area: 2,299
- Total interior livable area: 2,299 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, Minimal Steps, Accessibility
Features
- Levels: Two
- Stories: 2
- Exterior features: Fire Pit
Lot
- Size: 0.40 Acres
- Dimensions: 150 x 130
- Features: Level, SqFt 15000 to 19999
Details
- Parcel number: 00234767
- Zoning: 8.5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1936
Utilities & green energy
- Gas: Gas
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Lake Oswego
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Sold | $825,000-2.4%$359/sqft |
Source:  RMLS (OR) #209732349 Report a problem | ||
| 5/22/2026 | Pending sale | $845,000$368/sqft |
Source: RMLS (OR) #209732349 Report a problem | ||
| 5/17/2026 | Listed for sale | $845,000$368/sqft |
Source: RMLS (OR) #209732349 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,384 +2.7% | $367,717 +3% |
| 2024 | $6,217 +3% | $357,007 +3% |
| 2023 | $6,036 +2.9% | $346,609 +3% |
| 2022 | $5,865 +9.1% | $336,514 +3% |
| 2021 | $5,376 +2.6% | $326,713 +3% |
| 2020 | $5,239 +2.5% | $317,198 +3% |
| 2019 | $5,112 +4% | $307,960 +3% |
| 2018 | $4,917 | $298,990 +3% |
| 2017 | $4,917 +15.2% | $290,282 +3% |
| 2016 | $4,269 | $281,827 +3% |
| 2015 | $4,269 +3.9% | $273,618 +3% |
| 2014 | $4,111 +4.2% | $265,649 +3% |
| 2013 | $3,943 +2.6% | $257,912 +3% |
| 2012 | $3,845 +3.1% | $250,400 +3% |
| 2011 | $3,728 +1.6% | $243,107 +3% |
| 2010 | $3,671 +1.1% | $236,026 +3% |
| 2009 | $3,632 +7.6% | $229,151 +3% |
| 2008 | $3,376 +4.9% | $222,477 +3% |
| 2007 | $3,219 +4.7% | $215,997 +3% |
| 2006 | $3,074 +0.5% | $209,706 +3% |
| 2005 | $3,058 +8.7% | $203,598 +3% |
| 2004 | $2,814 +1.3% | $197,668 +3% |
| 2003 | $2,779 +2.9% | $191,911 +3% |
| 2002 | $2,701 +1.1% | $186,321 +3% |
| 2001 | $2,671 +11.4% | $180,894 +3% |
| 2000 | $2,398 | $175,625 |
Find assessor info on the county website
Neighborhood: Lake Forest
Nearby schools
GreatSchools rating
- 8/10Lake Grove Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Lake Oswego Junior High SchoolGrades: 6-8Distance: 1.8 mi
- 10/10Lake Oswego Senior High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Lake Grove
- Middle: Lake Oswego
- High: Lake Oswego
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$824,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$824,900
- Oregon
- Clackamas County
- Lake Oswego
- 97035
- Lake Forest
- 5335 SW Madrona St
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